Federal Taxation 2012
For more than 25 years, the Pratt & Kulsrud Taxation series has provided educators, students and professionals an engaging and clear presentation of tax law. In 1984, the series began with Federal Taxation, a first-of-its-kind textbook exploring issues related to the taxation of individuals and businesses. The success of that text and the demand for additional topics led to the creation of two separate texts: CORPORATE, PARTNERSHIP, ESTATE AND GIFT TAXATION AND INDIVIDUAL TAXATION. Through each edition, the series has consistently held to the principle that the key to learning taxation is to understand the underlying purpose behind every rule. For this reason, the authors and editors have made a concerted effort to provide the conceptual background and the historical foundation they believe are essential for comprehension. This edition continues the tradition of excellence with timely updates reflecting the latest in tax laws, the integration of H&R BLOCK At Home software, and rich online resources for instructors.
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2011 Cengage Learning accounting accrual activity addition adjusted basis adjusted gross income allowed alternative minimum tax amount apply assets Assume benefits business expenses capital gain cash Chapter child claim Code computed Congress contributions copied Copyright 2011 Cengage corporation cost Court debt depreciation determining dividends Due to electronic duplicated eBook and/or eChapter(s elect electronic rights employee Example exceed exclusion expenditures Federal income tax gift gift tax incurred individual interest expense inventory investment joint return LIFO limited loan MACRS medical expenses method minimum tax miscellaneous itemized deductions nontaxable normally paid partnership payments penalty percent purchased qualified received refund regular tax reimbursement rental reported Rights Reserved rules scanned Schedule spouse standard deduction suppressed tax credit tax liability tax purposes tax rate tax return taxable income third party content trade or business USTC whole